Schroder Investment Management Group Increases Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Schroder Investment Management Group grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 809.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 545,239 shares of the utilities provider’s stock after buying an additional 485,302 shares during the period. Schroder Investment Management Group’s holdings in CenterPoint Energy were worth $17,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of CenterPoint Energy by 3.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 416 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in CenterPoint Energy by 3.2% during the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock valued at $441,000 after buying an additional 432 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in CenterPoint Energy by 5.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock worth $309,000 after buying an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of CenterPoint Energy by 1.2% in the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after acquiring an additional 489 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective for the company. Barclays raised their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.46.

CenterPoint Energy Stock Performance

NYSE CNP opened at $36.96 on Thursday. The business’s 50-day simple moving average is $34.08 and its 200-day simple moving average is $31.92. The firm has a market capitalization of $24.12 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $37.28. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. Equities analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.